# ANGEL ISLAND CAPITAL SERVICES, LLC X-17A-5 (2022-03-01) — Broker-dealer annual report - Company: ANGEL ISLAND CAPITAL SERVICES, LLC - Form: X-17A-5 - Filed: 2022-03-01 - Period: 2021-12-31 - Accession: 0001600676-22-000002 - CIK: 1600676 - File #: 8-69427 - Type: Broker-dealer - Material weakness: No - Auditor: PricewaterhouseCoopers - Auditor location: San Francisco, CA - Contact: Michael Schilling - Phone: 917 834 3351 - Email: michael.schilling@janovertlc.com - Website: janovertlc.com - Signed by: Michael Schilling (FINOP) Original filing: https://www.sec.gov/Archives/edgar/data/1600676/000160067622000002/aicpublic.pdf --- {0}------------------------------------------------ # ANGEL ISLAND CAPITAL SERVICES, LLC (A Limited Liability Company) ## STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 {1}------------------------------------------------ #### **UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549** OMBAPPROVAL 0MB Number. 3235-0123 Expires: Oct. 31, 2023 Estimated **average** burden hours per response; 12 ## **ANNUAL REPORTS FORM X-17A-5 PART** Ill | SEC FILE NUMBER | |-----------------| | 8-69427 | | Information Required Pursuant to Rules 17a-5, 17a-12, and 18a-7 under the Securities Exchange Act of 1934 | FACING PAGE | | | |---------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------|-----|------------------------------------------| | FILING FOR THE PERIOD BEGINNING _0_1_/0_1_/_2_0_2_1 | | __ | __
AND ENDING _1_2_/3_1 /_2_0_2_1 | | | MM/DD/VY | | MM/DD/VY | | | A. REGISTRANT IDENTIFICATION | | | | __
NAME oF FIRM: | A_n_g_e_l_ls_l_a_n_d_C_a_p_i_ta_l_S_e_rv_i_c_e_s_, L_L_C | | ______
_ | | TYPE OF REGISTRANT (check all applicable boxes):
iii Broker-dealer
D Check here if respondent is also an OTC derivatives dealer | D Security-based swap dealer | | D Major security-based swap participant | | ADDRESS OF PRINCIPAL PLACE OF BUSINESS: (Do not use a P.O. box no.) | | | | | One Embarcadero Center, Suite 2150 | | | | | | (No. and Street) | | | | San Francisco | CA | | 94111 | | (City) | (State) | | (Zip Code) | | PERSON TO CONTACT WITH REGARD TO THIS FILING | | | | | Michael Schilling | 917 834 3351 | | michael.schilling@janovertlc.com | | (Name) | (Area Code - Telephone Number) | | (Email Address) | | | B. ACCOUNTANT IDENTIFICATION | | | | INDEPENDENT PUBLIC ACCOUNTANT whose reports are contained in this filing*
Pricewaterhousecoopers LLC | | | | | | (Name - if individual, state last, first, and middle name) | | | | 405 Howard Street, Ste 600 San Francisco | | | CA
94105 | | (Address) | (City) | | (Zip Code)
(State) | | 10-20-2003 | | 238 | I | | rte
w;,t, PCAOB)(O appl ble)
of - | FOR OFFIOAL USE ONLY | | (PCAOB Regi,tratlon Numbe,, • ·••'"""'•) | | | | | | accountant must be supported by a statement of facts and circumstances relied on as the basis of the exemption. See 17 CFR 240.17a-5(e)(l)(ii), if applicable. **Persons who are to respond to the collection of information contained in this** form **are not required to respond unless the** fonn **displays a currently valid 0MB control number.** {2}------------------------------------------------ #### **OATH OR AFFIRMATION** | I,
Michael Schilling | swear (or affirm) that, to the best of my knowledge and belief, the | |--------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | financial report pertaining to the firm of | as of
Angel Island Capital Services, LLC | | Decemt>er31 | 2~
is true and correct. I further swear (or affirm) that neither the company nor any | | | intevt
partner, officer, director, or equivalent person, as the case may be, has any proprietary
in a
account classified solely | | as that of a customer. | fl | | | -----6,c:,,-----------
-.
LESLIE TORRES
State of New y~le:
. Notary Public -
No. 01T06319258
Qualified in Nassau County
20~
My Commission Expires Feb. 17, | #### **This filing\*\* contains (check all applicable boxes):** - ii (a) Statement of financial condition. - ii (b) Notes to consolidated statement of financial condition. - □ (c) Statement of income (loss) or, if there is other comprehensive income in the period(s) presented, a statement of comprehensive income (as defined in § 210.1-02 of Regulation S-X). • - □ (d) Statement of cash flows. - 0 (e) Statement of changes in stockholders' or partners' or sole proprietor's equity. - 0 (f) Statement of changes in liabilities subordinated to claims of creditors. - 0 (g) Notes to consolidated financial statements. - □ (h) Computation of net capital under 17 CFR 240.15c3-1 or 17 CFR 240.lBa-1, as applicable. - 0 (i) Computation of tangible net worth under 17 CFR 240.lBa-2. - 0 0) Computation for determination of customer reserve requirements pursuant to Exhibit A to 17 CFR 240.15c3-3. - □ (k) Computation for determination of security-based swap reserve requirements pursuant to Exhibit B to 17 CFR 240.15c3-3 or Exhibit A to 17 CFR 240.lBa-4, as applicable. - D (I) Computation for Determination of PAB Requirements under Exhibit A to § 240.15c3-3. - 0 (m) Information relating to possession or control requirements for customers under 17 CFR 240.15c3-3. - 0 (n) Information relating to possession or control requirements for security-based swap customers under 17 CFR 240.15c3-3(p)(2) or 17 CFR 240.lBa-4, as applicable. - □ (o) Reconciliations, including appropriate explanations, of the FOCUS Report with computation of net capital or tangible net worth under 17 CFR 240.15c3-1, 17 CFR 240.18a-l, or 17 CFR 240.18a-2, as applicable, and the reserve requirements under 17 CFR 240.15c3-3 or 17 CFR 240.18a-4, as applicable, if material differences exist, or a statement that no material differences exist. - □ (p) Summary of financial data for subsidiaries not consolidated in the statement of financial condition. - iii (q) Oath or affirmation in accordance with 17 CFR 240.17a-5, 17 CFR 240.17a-12, or 17 CFR 240.18a-7, as applicable. - D (r) Compliance report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.lBa-7, as applicable. - D (s) Exemption report in accordance with 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - iii (t) Independent public accountant's report based on an examination of the statement of financial condition. - □ (u) Independent public accountant's report based on an examination of the financial report or financial statements under 17 CFR 240.17a-5, 17 CFR 240.18a-7, or 17 CFR 240.17a-12, as applicable. - D (v) Independent public accountant's report based on an examination of certain statements in the compliance report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - 0 (w) Independent public accountant's report based on a review of the exemption report under 17 CFR 240.17a-5 or 17 CFR 240.18a-7, as applicable. - D (x) Supplemental reports on applying agreed-upon procedures, in accordance with 17 CFR 240.15c3-le or 17 CFR 240.17a-12, as applicable. - 0 (y) Report describing any material inadequacies found to exist or found to have existed since the date of the previous audit, or a statement that no material inadequacies exist, under 17 CFR 240.17a-12(k). 0 (z)Other: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ \_ - - \*\*To request confidential treatment of certain portions of this filing, see 17 CFR 240.17o-S(e}(3) or 17 CFR 240.18o-7(d)(2), as applicable. {3}------------------------------------------------ ## ANGEL ISLAND CAPITAL SERVICES, LLC (A Limited Liability Company) #### DECEMBER 31, 2021 ## TABLE OF CONTENTS #### Report of Independent Registered Public Accounting Firm | Financial Statements: | Page | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------| | –ƒ–‡‡–'ˆ ‹ƒ…‹ƒŽ'†‹–‹'ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤͳ | | | '–‡•–'–Ї–ƒ–‡‡–'ˆ ‹ƒ…‹ƒŽ'†‹–‹'ǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤǤʹǦͶ | | {4}------------------------------------------------ ![](_page_4_Picture_0.jpeg) #### **Report of Independent Registered Public Accounting Firm** To the Board of Angel Island Capital Services, LLC and its Member: #### *Opinion on the Financial Statement – Statement of Financial Condition* We have audited the accompanying statement of financial condition of Angel Island Capital Services, LLC (the "Company") as of December 31, 2021, including the related notes (collectively referred to as the ("financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2021 in conformity with accounting principles generally accepted in the United States of America. #### *Basis for Opinion* The financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audit of this financial statement in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud. Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion. Los Angeles, California February 28, 2022 LA l C lif i We have served as the Company's auditor since 2016. {5}------------------------------------------------ ## ANGEL ISLAND CAPITAL SERVICES, LLC (A Limited Liability Company) STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 #### ASSETS | ƒ•Š
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ͳͷͳǡͺͳͲ | | Total liabilities | ʹͷͳǡͳͻʹ | | ‡"‡"̵•‡"—‹–› | ͷʹͺǡͷ͹ͷ | | Total liabilities and member's equity | ̈́͹͹ͻǡ͹͸͹ | {6}------------------------------------------------ #### 1. ORGANIZATION AND DESCRIPTION OF BUSINESS ǡȋ̶̶ȌǦ ʹǡȋ̶̶ȌǤ ʹǡ ʹͲͳ͵ Ǥ Ǧ ǡ ͳͲǡʹͲͳͷ ȋDzdzȌǡ ǤǤ ȋDzdzȌͳͻ͵Ͷ ǡ Ǥ ȋ̶ ̶Ȍ ȋDz dzȌǤ Ǥ ͳǡʹͲʹͳǡ ͳǡʹͲʹ͵ ǡ ͳǡʹͲʹ͵Ǥ ȋȌȋʹȌȋȌ ͳͷ͵Ǧ͵ͳͻ͵Ͷ Ǧ ǡ ǡ Ǥ ͵ͳǡʹͲʹͳǤ ǡ ǡ Ǥ ## 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES #### *Basis of presentation* Ǥ Ǥ #### *Investment banking* ǡ ǡ ǡ ǡ Ǥ ǡ ǡ Ǥ {7}------------------------------------------------ ## ANGEL ISLAND CAPITAL SERVICES, LLC (A Limited Liability Company) NOTES TO THE STATEMENT OF FINANCIAL CONDITION DECEMBER 31, 2021 #### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES *(continued)* #### *Concentration of risk* Ǧ Ǥ Ǧ ̈́ʹͷͲǡͲͲͲ Ǥ Ǥ #### *Use of estimates* Ǥ Ǥ #### *Income taxes* Ǧǡ Ǥ ǯ ǡ ǡǤ ͵ͳǡ ʹͲʹͳǤ ͵ͳǡ ʹͲʹͳǡ̈́ͺͲͲǤ Ǥ #### *Uncertain tax positions* ǯ ȋDz dzȌ Ǥ ͶͲ ȋDz ͶͲdzȌ Ͳͷ Dz ǡdzǤ ̵ ǡ Ǥ ǡ ǡ ̵Ǥ {8}------------------------------------------------ #### 3. RELATED PARTY TRANSACTIONS ǡ ȋDz dzȌǤ ǤǤ ͳͻͶͲ Ǥ Ǧ ȋ Ȍ Ǥ ǡ ǡ ǡ Ǥ ǡǤ ͵ͳǡʹͲʹͳǡ ̈́ͺͲǡͺͷͷǡ ̈́ͳͷͳǡͺͳͲǦǤ ## 4. NET CAPITAL REQUIREMENTS ͳͷ͵Ǧͳ ǡǡǡǡ Ǥ ǡ ̈́ͳͲͲǡͲͲͲʹȀ͵Ψ Ǥ ͵ͳǡ ʹͲʹͳǡ ǡ ǡ ̈́ͷͳͲǡͷͲͺǡ ̈́ͳͲͲǡͲͲͲ ̈́ͶͳͲǡͷͲͺǤ ͵ͳǡ ʹͲʹͳ ̈́ʹͶ͵ǡͻʹǤ ǯ ͶǤͶΨǤ #### 5. SUBSEQUENT EVENTS ͵ͳǡ ʹͲʹͳǡ ʹͺǡ ʹͲʹʹǡ ǡ ǯǤ Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.